Bloom Energy Corporation closed at $275.75, advancing 6.68% from the prior session’s finish.

The session was dominated by one decisive bullish transaction: a $12.15 million call buy at the $290 strike expiring in 2027. This long-dated, out-of-the-money positioning stood in stark contrast to otherwise balanced intraday volume, highlighting institutional conviction in BE’s multi-year upside while overall premiums remained historically inexpensive.

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Options Indicators

BE’s implied volatility stands at 77.53%, and although the absolute IV level is high, its IV percentile is just 0.40%, which indicates current volatility is sitting at the very low end of its own historical range. In other words, options appear cheaply priced rather than expensive, and with an IV/HV ratio of 1.04, implied volatility is only slightly above realized volatility, suggesting option premiums are generally close to fair value with a mild forward premium.

The Call/Put volume ratio is 1.01.

Large Trades

A call buy worth $12.15 million dominated the large-trade activity in BE, with 2,050 contracts purchased at the 290.0 strike expiring on 2027-02-19. With the stock reference price at 275.75, this call was traded out of the money, making it a clearly bullish directional bet that requires further upside over time to gain intrinsic value. The long-dated expiration suggests the buyer was positioning for a sustained advance rather than a short-term move, using upside optionality to express confidence while keeping risk limited to the premium paid.

Overall, the bulk-order flow was decisively bullish. The absence of meaningful bearish large trades and the concentration of capital in a single sizeable out-of-the-money long call indicate investors were willing to pay premium for future upside exposure, pointing to constructive sentiment and expectations for continued appreciation in BE shares over the longer term.

Strategy Reference

For sellers seeking low assignment probability, the 230.0 put expiring within 30-45 days offers a premium buffer well below the last close; alternatively, a bull call spread using the 290.0/320.0 strikes expiring 2027-02-19 caps margin while still expressing long-term upside conviction.